Labor Department

: We still don’t know when it going to happen, but we do know it only a matter of time, according to The Guardian. I’m referring, of course, to the inevitable day on which Federal Reserve policymakers begin to raise interest rates for the first time since 2008. Tick-tock. The next key piece of economic data in the puzzle will arrive first thing Friday morning, when the Labor Department tells us just how many new jobs employers created during the month of May. When it happens, we’ll all need to brace ourselves: our borrowing costs will start to rise on everything from our credit cards to any new mortgages we take out , while our fixed income investments will be thrown into turmoil. Economists currently predict that figure will come in at around 225,000 – a pretty healthy number, if not enough to push the unemployment rate down below its current level of 5.4%. All the news points to a rate hike sooner rather than later. (news.financializer.com). As reported in the news.